Silver break below 6585 hit my 1st downside target of 6565/6560. We made a low for the day 5 ticks below.
Silver shot higher to first resistance at 6710/6730 & we made a high for the day just 13 ticks above here.
Holding below 6645/6630 risks a slide to 600/6590 before a retest of 6565/6560.
Further losses meet an excellent buying opportunity at 6490/6460.
This could mark a low for this downside correction but longs need stops belowΒ 6410.
Holding above 6650 allows a recovery to 6685/90 & 6720/6730.
Further gains meet resistance at 676755/6775.
Shorts need stops above 6800.
A break above can target 6830/6835 & 6870.





Be the first to comment